In 2006, two years after the UAE became the first country in the world to ban boys under 16 from riding racing camels, camel trainer Mohammed Ismail had a business idea that would change his and his family's fortune for ever.
Ismail, who was making a side income by building and selling remote-controlled car and plane toys from his tiny Dubai home, decided to take advantage of the growing demand for robot jockeys, motorised devices that ensure human safety. Calling his company Bait Al Thiqa, or the House of Trust, it would take him a few years of hard work to find his footing.
"It was not easy at first because he didn't really succeed with those toy cars and aeroplanes," says Rashid, 23, Ismail's son, who now runs the business with his father. "I remember growing up we were very poor, and would have problems with water and food every month on dad's Dh600 salary from camel training."
Using his deep knowledge of camels and his contacts in the camel-racing business, Ismail's perseverance eventually paid off, as demand for the robots grew not just in the UAE, but across the Arabian Gulf.
Today, Bait Al Thiqa is one of the largest robot jockey suppliers in the UAE and, according to Rashid, is "the oldest and best shop in the entire Middle East".
"We build and repair robots and supply to clients across the UAE, Qatar and Saudi Arabia," Rashid tells The National. "We sell to all kinds of clients, from people doing it for fun to those taking parts in the competition.
"We design all the robots ourselves and give the best quality. Every single part is made by us."
Robot jockeys typically have motorised arms for a whip, and reins, the former attached to an adapted power drill that rotates it at a speed controlled by the operator who follows in one of the vehicles accompanying the speeding camels. Some models can also monitor the camel's speed and even its heart rate. They also incorporate a built-in saddle and can be customised with the owner's racing colours.
Camel racing is hugely popular across the Gulf. At the first annual Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Camel Race Festival in 2018, prizes, including cash, swords, rifles and luxury vehicles, totalled a whopping Dh95 million ($25.86 million).
When Bait Al Thiqa first opened, Ismail, who is now 50, had two workers with him, building and assembling all their robots. Today, the company has 65 full-time staff.
During peak season, which starts in February, the company sells between 65 and 100 units a month and about 5 to 10 a month when there are no races.
"The rest of the time is spent servicing and repairing used robots or customising existing ones," Rashid says.
Robots at Bait Al Thiqa cost between Dh1,000 and Dh2,000, depending on specifications. Each unit takes about an hour to assemble, with most of the parts being manufactured by the company's partners in China.
"We have experienced engineers in the shop who can make any kind of changes internally if necessary. We also now have many clients coming from Canada and the US. There are many companies that make better-looking and sleeker models than us, but none that can work as well and as dependable as ours," Rashid says.
Bait Al Thiqa makes sales worth about Dh200,000 to Dh300,000 every month, going up to Dh1 million to Dh3 million during peak season, Rashid says.
"We never expected life to change like this," he says. "When I was 13, we lived in a tiny house made mostly of plastic, now we have three homes and I drive my own car. God has been good."
ULTRA PROCESSED FOODS
- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns
- Margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars
- Energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces
- Infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes
- Many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts
more from Janine di Giovanni
Global state-owned investor ranking by size
|
1.
|
United States
|
|
2.
|
China
|
|
3.
|
UAE
|
|
4.
|
Japan
|
|
5
|
Norway
|
|
6.
|
Canada
|
|
7.
|
Singapore
|
|
8.
|
Australia
|
|
9.
|
Saudi Arabia
|
|
10.
|
South Korea
|
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Company profile: buybackbazaar.com
Name: buybackbazaar.com
Started: January 2018
Founder(s): Pishu Ganglani and Ricky Husaini
Based: Dubai
Sector: FinTech, micro finance
Initial investment: $1 million
The%20specs%3A%20Panamera%20Turbo%20E-Hybrid
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E4.0-litre%20twin-turbo%20V8%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E680hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E930Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3EEight-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh749%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
The%20specs%3A%202024%20Panamera
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.9-litre%20twin-turbo%20V6%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E353hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E500Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3EEight-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh408%2C200%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
The bio
Academics: Phd in strategic management in University of Wales
Number one caps: His best-seller caps are in shades of grey, blue, black and yellow
Reading: Is immersed in books on colours to understand more about the usage of different shades
Sport: Started playing polo two years ago. Helps him relax, plus he enjoys the speed and focus
Cars: Loves exotic cars and currently drives a Bentley Bentayga
Holiday: Favourite travel destinations are London and St Tropez
The National's picks
4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young
HWJN
%3Cp%3EDirector%3A%20Yasir%20Alyasiri%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Baraa%20Alem%2C%20Nour%20Alkhadra%2C%20Alanoud%20Saud%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A%3Cp%3E%3C%2Fp%3E%0A
First Person
Richard Flanagan
Chatto & Windus
Specs
Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km
French Touch
Carla Bruni
(Verve)
The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000